Chineme Okafor in Abuja
The Nigerian Electricity Regulatory Commission (NERC) has disclosed that three million meters in use by the electricity distribution companies (Discos) are outdated and due for replacement.
The commission also stated that the Discos would have to prioritise deployment of new meters to seven million of their unmetered consumers in the new National Mass Metering Program (NMMP) funded by the Central Bank of Nigeria (CBN) and the World Bank.
It disclosed this in a document signed by its chairman, Mr. Sanusi Garba and the commissioner in charge of legal, licensing and compliance, Mr. Dafe Akpeneye.
The document was a directive from it on structured replacement of faulty and obsolete end-use customer meters in the networks of the Discos.
Faulty, obsolete meters: NERC issues fresh order to DisCos on replacement
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Shiroro, six others suffer from Discos load rejection
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However, the inflation figure from the bureau in January 2021 points to a record 16.47 per cent which was 0.71 percent higher than the figure for December 2020. The food index rose farther than ever with a record 20.57 percent in January 2021 compared to the 19.56 percent recorded in December.
Business owners frustrated in Lagos
A bakery manager at Ogba Lagos, who simply gave her name as Miss Gbemi, said the owner of the bakery recently decided to close shop because of the high cost of production.
This, she said, was worsened by the exorbitant electricity bill which led to the disconnection of their light for months before the bakery was shut down.